S.1 Short title

This Act may be called the Industrial Disputes (Banking Companies) Decision Act, 1955.

S.2 Definitions

       In this Act, unless the context otherwise requires,--
       (a) "appellate decision" means the decision of the Labour Appellate Tribunal, dated the 28th day of April, 1954, in the matter of the appeals filed before it against the award of the All India Industrial Tribunal (Bank Disputes), Bombay;
       (b) "award" means the award of the All India Industrial Tribunal (Bank Disputes), Bombay constituted by the Notification of the Government of India in the Ministry of Labour, No. SRO 35, dated the 5th day of January, 1952;
       (c) "Bank Award Commission" means the person appointed by the Resolution of the Government of India in the Ministry of Labour, No. LR 100(9)/55, dated the 25th day of February, 1955, to enquire into and report upon the terms of reference specified in the Resolution of the Government of In

S.3 Appellate decision to have effect subject to the modifications recommended by the Bank Award Commission

       1[(1)] The appellate decision shall have effect as if the modifications recommended in Chapter XI of the Report of the Bank Award Commission, dated the 25th day of July, 1955, had actually been made therein, and the appellate decision as so modified shall be the decision of the Appellate Tribunal within the meaning of the Industrial Disputes (Appellate Tribunal) Act, 1950, (48 of 1950) and the award shall have effect accordingly.
       2[(2) Notwithstanding anything contained in sub-section (1), the recommendations in Chapter XI of the Report of the Bank Award Commission in relation to the banking companies incorporated in the former State of Travancore-Cochin specified in that Chapter shall be modified and shall be deemed to have been modified--
       (a) with effect from the 1st January, 1955, in relation to the C Class Banks known as the South In

S.4 Duration of the award

Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947), or the Industrial Disputes (Appellate Tribunal Act, 1950) (48 of 1950), the award as now modified by the decision of the Appellate Tribunal in the manner referred to in section 3 shall remain in force until the 31st day of March, 1959.

S.5 Modification order to have no effect except in certain cases

The provisions of the modification order shall not have, and shall be deemed never to have had, any force or effect except in so far as any of such provisions has become incorporated in the award by reason of the provisions contained in section 3.

S.6 Power to remove difficulties

       (1) If in the opinion of the Central Government any difficulty or doubt has arisen as to the intepretation of any provision of the award as now modified by the decision of the Appellate Tribunal in the manner referred to in section 3, it shall refer for decision the matter in respect of which such difficulty or doubt has arisen to a single member of the Labour Appellate Tribunal constituted under the Industrial Disputes (Appellate Tribunal) Act, 1950 (48 of 1950), or to such Industrial Tribunal constituted under the Industrial Disputes Act, 1947 (14 of 1947), as it may, by notification in the Official Gazette, specify in this behalf.
       (2) The Tribunal to which such matter is referred shall, after giving the parties a reasonable opportunity of being heard, decide such matter and its decision shall be final and binding on all such parties.